Any change that causes a decrease in the demand for labor at a given wage rate will be represented by a(n) ________, assuming all else equal
A) rightward shift in the labor demand curve
B) downward movement along the labor demand curve
C) upward movement along the labor demand curve
D) leftward shift in the labor demand curve
D
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Suppose that the equilibrium price of apples decreases and the equilibrium quantity of apples increases. This is best explained by:
A. an increase in the demand for apples. B. an increase in the supply of apples. C. a decrease in the demand for apples. D. a decrease in the supply of apples.
Suppose product price is fixed at $24; MR = MC at Q = 200; AFC = $6; AVC = $16. What do you advise this firm to do?
A. Increase output. B. Decrease output. C. Stay at the current output; the firm is losing $200. D. Stay at the current output; the firm is earning a profit of $400.
Bank examinations by the FDIC help reduce the ________ problem, by preventing bank managers from allocating funds already obtained from depositors to non-creditworthy loans.
A. moral hazard B. adverse selection C. contrary selection D. principled hazard
The value of a future amount expressed in today's dollars is
A. the inflation rate. B. the discount rate. C. present value. D. the interest rate.